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Diversified Trend Trading Approach
- #2,422
- Nov 10, 2017 2:47am Nov 10, 2017 2:47am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Hi C,
Just got to my chart. Looks like we may need a redraw of the short term momentum if things pick up.
If you have a look at where price is now you will note that if price reaches a new high the SDC on the short term will have a lower slope (similar to the long term). What this means is that momentum is deteriorating and we are unlikely to see an imminent breakout.
I will continue to monitor and give a bit of commentary about the prospects of this trade as we go forward.
- #2,424
- Nov 10, 2017 4:20am Nov 10, 2017 4:20am
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
Test confirmed on individual LIQUID stocks was a success:
Bayer already 3R:
Siemens both ways:
Bayer already 3R:
Siemens both ways:
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
- #2,425
- Edited 5:18am Nov 10, 2017 5:05am | Edited 5:18am
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
Hi C, Are you still trading with the larger time frame trend? Its been a slow week but USDCAD looks to be going south. {image}
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
- #2,426
- Nov 10, 2017 5:20am Nov 10, 2017 5:20am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Hi C, Are you still trading with the larger time frame trend? Its been a slow week but USDCAD looks to be going south. {image}
Here is what's on at the moment. There is still the old legacy trades of earlier versions of EDTT on the Dow Jones (DJI) and EURUSD but apart from that the only trade activity on M30 is the good ol' Aussie ASX200.
I can't remember when was the last timed I had so few active trades going on.
Perhaps we need to take a leaf from R's book and see what's cooking on other instruments :-)
- #2,428
- Edited 5:41am Nov 10, 2017 5:26am | Edited 5:41am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
{quote} Also have USD CAD on watch list, but it seems it is going flat and soon I would have to move the pending order further if it doesn't move sharply down... {image}
Time to sing a shanty or two. Christ it's hot!!!!
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Everywhere I look it's the same :-)
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- #2,429
- Nov 10, 2017 5:32am Nov 10, 2017 5:32am
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
- #2,430
- Nov 10, 2017 5:32am Nov 10, 2017 5:32am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Hi C, Are you still trading with the larger time frame trend? Its been a slow week but USDCAD looks to be going south. {image}
- #2,432
- Nov 10, 2017 5:35am Nov 10, 2017 5:35am
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
{quote} Yep...that's what I am seeing also. Water, water everywhere but not a drop to drink. {image} Time to sing a shanty or two. Christ it's hot!!!! https://www.youtube.com/watch?v=EBiy...OZd5&index=149
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
- #2,436
- Nov 10, 2017 6:09am Nov 10, 2017 6:09am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Food for Thought
- Leveraged ETF Myths
- Investor Psychology, Part II: Following The Stock Market Is Bad For Your Returns
- Understand bitcoin and blockchain in 5-7 minutes
- Jeff Bezos Just Revealed the Remarkably Powerful Mind Trick That Made Him a Multibillionaire
- For the physics Geeks out there - Physics has demoted mass
- How to trade Ripple Cryptocurrency?
- 19 Industries The Blockchain Will Disrupt
- Predicting managed futures returns - Follow the mean reversion
- October hedge fund performance led by CTA's - all hedge fund strategies positive for the year
- Using Trend-Following Managed Futures to Increase Expected Withdrawal Rates
- How Many Biases Dragged Down Your Performance Last Month?
- Trend Continuation in Currencies, Energy, and Equities Will Be Good For Managed Futures
- Natural Gas Market – Elasticities Are Changing and That Means More Volatility
- A lesson in risk taking—with the former risk manager of a $200B fund, Aaron Brown, Pt. 2
- Mark Kritzman Interview with Michael Covel on Trend Following Radio
Enjoy
C
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- #2,439
- Nov 10, 2017 7:55am Nov 10, 2017 7:55am
- | Commercial User | Joined Apr 2013 | 4,366 Posts
Potential GU entry. I think according to second chart SDC we can enter on short term PS: i am a new to this thread and system. {image} {image}
There is no right or wrong with your pendings and the way you are defining your SDC's are great. Just remember to try and be very selective in your watchlist as the main game is to only trade those that scream out at you. What most of us face when we first get the hang of the principle is a tendency to overtrade.....however this is where you need to backtest over your watchlist for a considerable period. You will find that you get into a rhythm and also become far more selective in the things you trade.
Blue..there is a great bit of backtesting software you might want to get your hands on if you want to get serious with this strategy. It has been invaluable to me and R and allows us to test and test etc. One of the things we found was that over-trading the EDTT tends to get you nowhere fast. At least you tend to preserve your capital (which is a good thing at least)......but the key to this technique and to the portfolio is to only take the trades that are clearly abnormal in nature. We try to avoid the every day ups and downs and look for the whales.
Overtrading is my greatest demon....once bitten twice shy :-)
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- #2,440
- Nov 10, 2017 7:58am Nov 10, 2017 7:58am
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
Potential GU entry. I think according to second chart SDC we can enter on short term PS: i am a new to this thread and system. {image} {image}
When I was new to this strategy, I also was drawing SDCs everywhere and entered quickly. A lot of trades and not profitable. Now I wait for price to breakout from local highs/lows.
Since GU did 100 pips and 110 is average daily, today is Friday, I would assume that's all for today and we will see on Monday/Tuesday if bullish pressure will continue.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)